MOL to Scrap 5 Double Hull Tankers
Mitsui O.S.K. Lines, Ltd. has decided to scrap five double-hull tankers (four VLCCs, one Suezmax) by the end of March 2012. Scrapping of two vessels is already completed, and preparations are under way to start dismantling the other three. All five tankers were crude carriers launched before 1998. MOL, as one of the world’s leading crude oil transport operators, is moving ahead to rejuvenate its fleet, upgrade the quality of its services, and solidify its position in the market, where it expects mid- and long-term growth. Meanwhile, the vessels will be scrapped at yards that conform to the “Guidelines to sell vessels for scrapping from an environmental viewpoint” stipulated by MOL.
TEN Charters up to Two Suezmax Shuttle Tankers
Tanker spot rates rise as oil price drops Tsakos Energy Navigation Ltd., a crude, product and LNG tanker operator, reached an agreement for a long-term time charter to a national oil company of a new DP2 suezmax shuttle tanker for delivery in the first quarter of 2017, with an option for a second vessel. This project will make a positive contribution to TEN’s bottom line. Shuttle tankers are a highly specialized sector
Canada Fines Vessel Owner for Dumping Oil
Transport Minister David Collenette today announced that the federal government has successfully prosecuted the M/V Cala Palamos, a Cypriot-registered container vessel, owned by Nordpartner of Limassol, Cyprus and operated by Oldendorff K.E., based in Limassol, Cyprus, for the Canada Shipping Act (CSA) violation of unlawfully discharging an oily substance into Canadian waters. The pollution incident occurred while the vessel was berthed at Pier 36, in the Port of Halifax, on February 21
Van Dyck Takes the Helm at Intertanko
The Council of Intertanko elected Mr Stephen Van Dyck, Chairman of Maritrans Inc., as its new chairman, as nominated by the Executive Committee. Van Dyck said "It is an honor for me to be entrusted with the Intertanko chairmanship. While the buoyancy of the current freight market raises our spirits, there remains much work to be done in the next few years. My initial focus will be on sharpening our processes for guiding Intertanko; implementing a review of our mission and strategy; and
IMO Appeal to UN Security Council
IMO Secretary-General Efthimios E. Mitropoulos has issued a call at the highest level for a coordinated and cohesive response, both internationally and nationally, to combat piracy off the coast of Somalia. In a Nov. 20 briefing to the UN Security Council, Secretary-General Mitropoulos told Security Council members about the scope and extent of the problem which, he said, was a matter of grave concern. He also outlined a series of actions the Security Council might consider taking to
Jeppesen Cover ENC Major APAC Shipping Routes
Jeppesen agrees with Indonesian Navy Hydrographic Office to distribute Electronic Navigation Charts (ENC) for Indonesia including Straits of Malacca. With the completion of this agreement, Jeppesen says it will provide the worldwide commercial shipping industry with comprehensive ENC coverage for Indonesian waters — waters encompassing major Asian Pacific (APAC) trade routes critical to the flow of international commerce.
Lockheed Martin Wins $25M Crewboat Contract
Lockheed Martin won a contract valued at more than $25 million to perform detailed design, construction, test and delivery of two Small Waterplane Area Twin Hull (SWATH) crew transport vessels that will provide service to Mexico’s national oil company, PEMEX. The Lockheed Martin design is based on its SLICE Small Waterplane Area hull form. The contract, awarded to Lockheed Martin by Hoteleria y Servicios Petroleros, S. A. de C.V
Conoco, Maritrans To Develop Gulf of Mexico Shuttle Tanker Technology
Conoco Inc. and Maritrans Inc. are jointly developing advanced shuttle tanker technologies to safely transport newly discovered deepwater Gulf of Mexico crude oil reserves to U.S. refineries more economically than current pipeline alternatives. Technologies being evaluated have the potential to greatly reduce the time between discovery and production of deepwater crude reserves. "The industry is actively exploring for the 10 billion barrels of crude oil reserves that are estimated to be
U.S. Corn Harvest Competes With Oil Transport
The giant corn harvest about to hit full stride in America's Midwest looks set to overwhelm storage and pile up outdoors, grain industry sources said, raising quality issues and making it hard to keep supplies moving. This year's record corn crop of 14.4 billion bushels alone would fill up 60 percent of the country's grain storage of 24 billion bushels. In total, with a record soybean crop too and hefty harvests of other grains including spring wheat
Moody's Threatens Downgrade of Maersk
Denmark-based shipping and oil company A.P. Møller-Mærsk A/S (Maersk)'s decision to split the group into two parts now get the credit rating agency for questioning to the light blue conglomerate's debt. It ends "probably" with a downgrade, because large parts of the oil revenue will no longer contribute to upholster transport division. "We have placed the ratings of Maersk on review for downgrade because we believe that its business diversification
UTLC Launches Service from China to Europe
Russia's JSC United Transport and Logistics Company (UTLC) jointly with KTZ-Express launched a new transport product for the delivery of non-hazardous chemical goods in tank containers from China to Europe as part of the regular container service U West (Dostyk-Brest). The first train, consisting of 82 twenty-foot tank containers, loaded with butylene glycol produced by XINJIANG MARKOR CHEMICAL INDUSTRY, departed from Korla Station (China).
MOL Names Newbuilding LNG Carrier 'Energy Liberty'
Mitsui O.S.K. Lines (MOL) has announced that on October 16, a naming ceremony for a newbuilding LNG carrier, jointly owned by MOL and Tokyo LNG Tanker, was held at the Tsu Shipyard of Japan Marine United Corporation. Among the crowd of well-wishers on hand for the ceremony were Tokyo Gas Co., Ltd. President Michiaki Hirose, who gave the name Energy Liberty to the vessel, after which his wife cut the rope.
Dordrecht Inland Seaport to Get LNG Bunker Station
The Port of Rotterdam Authority wants a new multi-fuel bunkering station for refuelling with LNG and other cleaner fuels. The anticipated location of the bunkering station is Krabbegors/Duivelseiland at Dordrecht Inland Seaport. The Port of Rotterdam Authority and PitPoint.LNG have therefore signed a declaration of intent regarding a joint investigation into the construction of such a multi-fuel bunkering station.
Canadian Legislation Will Interfere with International Maritime Trade, Says ICS
The International Chamber of Shipping (ICS), representing the world’s national shipowners’ associations and 80% of the world merchant fleet, has voiced deep concern about a proposed legislation in Canada which it says will interfere with international maritime trade. The Canadian Parliament is giving consideration to legislation that would have the effect of establishing a moratorium on the shipment of crude oil in the waters of Northern
Statoil Charters ULCC to Hold Crude for Asia buyers
Oil storage is feasible with low freight rates, capital costs; backwardation pushes traders to churn oil faster from storage. Norway's Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world's largest oil tankers, to store oil off of Malaysia for distribution in smaller parcels to its clients in Asia, company executives said. Statoil has booked the TI Europe, capable of carrying up to 3 million barrels of oil
Matrix Global Plans U.S. Crude Storage Deal
Matrix plans sweet crude storage futures at LOOP. Matrix Global Holdings is planning to start up an oil storage futures contract for low-sulphur crude oil that will enable companies to build up supplies for export cargoes, as Asia looks for more crude imports from the United States. The contract will give holders access to low-sulphur, or sweet, crude oil storage space at the Clovelly, Louisiana, terminal operated the Louisiana Offshore Oil Port (LOOP)
Safe and Green Cargo Shipping
The collaboration between all stakeholders to ensure the safe and environmentally sound transport of goods was a key message delivered by International Maritime Organization (IMO)’s Jack Westwood Booth at the recent International Cargo Handling Co-ordination Association (ICHCA) 65th Anniversary Conference, Las Palmas, Gran Canarias, Spain (2 October). Reflecting the World Maritime Day Theme – “Connecting, ships
USS John S. McCain Departs Changi Naval Base
The guided missile destroyer USS John S. McCain (DDG 56) departed Changi Naval Base Oct. 5, to meet heavy lift transport vessel MV Treasure. Over the next few days, John S. McCain will be towed to deep water, where the heavy lift vessel will lower itself, secure the ship on a platform and then raise back up out of the water. After the process of loading the ship is complete, Treasure will transport John S
Chevron Starts LNG Output at Wheatstone Project
Chevron Corporation announced it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. “First LNG production is a significant milestone and is a credit to our partners, contractors and the many thousands of people who collaborated to deliver this legacy asset,” said Chevron Chairman and CEO John Watson
Saudi Flag Raised on Bahri's VLCC Rimthan
The Public Transport Authority (PTA) has raised the Saudi flag on Rimthan, one of the latest VLCCs received and owned by Bahri, a leader in transportation and logistics. Under the supervision of PTA, the ceremony of Rimthan’s registration under the Saudi flag took place on Sunday, October 8, 2017, at Port of Ras Tanura in the Eastern Province of Saudi Arabia, and was attended by senior officials of both PTA and Bahri
Austal USA Wins Navy Deal
Austal USA won a construction contract by the U.S. Navy Friday to build an additional Independence-variant Littoral Combat Ship, its fifteenth ship in the class. The award of LCS 30 is a clear sign of the Navy’s confidence in Austal’s LCS program. The specific value of the contract is under the congressional cost cap of $584 million per ship. The littoral combat ship has been identified as a key component to the Navy’s ability to gain sea control through distributed lethality
DNV GL Acquires ComputIT
DNV GL said it has acquired ComputIT, a specialist independent company for Computational Fluid Dynamics (CFD) software and R&D. ComputIT develops unique high-end technology for simulating fires, explosions and gas dispersion. “This acquisition brings us world-leading capabilities in the CFD domain,” says Are F. Tjønn, CEO, DNV GL - Software. “Through this acquisition, we are strengthening our core
Fishing Vessel Runs Aground off Honolulu
Twenty fishermen were transported to shore from an aground vessel less than a half mile off Honolulu early Wednesday morning. Honolulu Fire Department Jet Ski crews transported fishermen from the vessel to a Coast Guard 45-foot Response Boat-Medium for further transport to awaiting emergency responders at Ala Wai Harbor. A Coast Guard MH-65 helicopter crew hoisted two of the fishermen and the master of the vessel and transported them to Honolulu airport.
Maritime Policy for Good Governance
The latest in a series of workshops around the world to provide training in the development, adoption and updating of a National Maritime Transport Policy (NMTP) has been held in Bangkok, Thailand (9-11 October). The event highlighted the importance of a national maritime transport policy as a good mechanism for improved maritime governance in a sustainable manner. The Marine Department of Thailand hosted the workshop
Oil Rallies on Chinese Import Boost and Mideast Tensions
Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a nearly 3 percent weekly gain. The developments added to other signs that the market was finally rebalancing after years of excess, but analysts warned that the 2018 balance was still shaky. Brent was at $57.20 at 1335 GMT, up 95 cents. U.S. West Texas Intermediate (WTI) crude was at $51.44 per barrel, up 84 cents from its last settlement.